Two-year and four-year costs, and a saving plan

Answer Key - Grade 8 Math Worksheet - Building Confidence

Circle the best answer, or write your answer on the line.

1. 1.

   The Hollis family's pretend four-year college charges $8,000 in tuition for year 1, and tuition rises $500 each year after. What does Ari find for all 4 years of tuition?

   $35,000
2. 2.

   The Ochoa family's pretend four-year college charges $9,500 in tuition for year 1, and tuition rises $700 each year after. What does Bo find for all 4 years of tuition?

   $42,200
3. 3.

   The Singh family's pretend four-year college charges $11,000 in tuition for year 1, and tuition rises $1,000 each year after. What does Jun find for all 4 years of tuition?

   $50,000
4. 4.

   The Vance family's pretend first year costs $15,000. A grant pays $3,000 and a scholarship pays 30% of the cost. The family saves the rest over 10 months. What monthly amount does Luz find?

   $750
5. 5.

   The Cho family's pretend first year costs $24,000. A grant pays $4,000 and a scholarship pays 40% of the cost. The family saves the rest over 10 months. What monthly amount does Milo find?

   $1,040
6. 6.

   The Sato family's pretend first year costs $18,000. A grant pays $3,000 and a scholarship pays 50% of the cost. The family saves the rest over 10 months. What monthly amount does Noah find?

   $600
7. 7.

   Pia reads the Ward family's pretend loan: $8,000 borrowed at 5% simple interest a year for 4 years. How much is repaid in all?

   $9,600
8. 8.

   Ren reads the Fischer family's pretend loan: $12,000 borrowed at 4% simple interest a year for 5 years. How much is repaid in all?

   $14,400
9. 9.

   Tala reads the Imai family's pretend loan: $6,000 borrowed at 6% simple interest a year for 3 years. How much is repaid in all?

   $7,080
10. 10.

    Zee reads the Yu family's pretend loan: $15,000 borrowed at 3% simple interest a year for 6 years. How much is repaid in all?

    $17,700